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Search Results 0 to 49 of about 97 (some duplicates have been removed)
PBS
Jan 14, 2013 6:00pm PST
debt ceiling is not a question of authorizing more spending. so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they've already racked up. >> brown: the 2011 stand-off between the president and republicans over the debt ceiling led the nation to the bryning of national default. standard and poors even lowered its rating on u.s. government bonds. today, president obama said any repeat performance would be, quote, irresponsible. >> if the goal is to make sure that we are being responsible about our debt and our deficit, if that's the conversation we're having, i'm happy to have that conversation. what i will not do is to have that negotiation with a gun at the head of the american people. >> brown: at the same time, the president rejected urgings by some democrats that he raised the debt ceiling on his own authority. republicans were quick to answer the chief executive's criticism. senate minority leader mitch mcconnell said in a statement the president and his allies need to get serious about spending and the debt limit debate is the perfect time for it.
ABC
Jan 15, 2013 11:00am PST
time. he offered a solution for the president's dilemma on the debt ceiling. >> the final press conference was held this morning and he talked about the debt ceiling announcing if congress doesn't work with him and raise the debt ceiling america will go into default on the loans and we might have to sell florida. so, take goodbye to nanna and papa. >> you can see jimmy kimmel at the new time following the abc7 at 11. >> and the story behind a baby panda high five that >> on the 4th anniversary of the miracle on the hudson, "sully" sullenberger joins katie couric for a great day and reunited with the passengers he saved in the incredible emergency landing on new's hudson river. >> of all people to be piloting that day, thank god, sully, it was you. sometimes i get on a plane and i am like, sully? anybody named sully on this plane? >> i appreciate that. when i travel as a passenger i have people recognize me and they say i feel better knowing you are here. >> we feel the same way, too. that is katie at 3:00 and you can hear more right here on abc7. on abc7 news at 4:00, a hand's on lesson, high school students get an opportunity to touch and study a whale. on abc7 news at 5:00, t
KOFY
Jan 15, 2013 11:30am PST
missed a fun time. he offered a solution for the president's dilemma on the debt ceiling. >> the final press conference was held this morning and he talked about the debt ceiling announcing if congress doesn't work with him and raise the debt ceiling america will go into default on the loans and we might have to sell florida. so, take goodbye to nanna and papa. >> you can see jimmy kimmel at the new time following the abc7 at 11. >> and the story behind a baby [ female announcer ] this is a special message from at&t. [ male announcer ] it's no secret that the price of things just keeps going up. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price you can definitely count on, for two whole years. from at&t. [ female announcer ] a great price for a great triple-play bundle. [ male announcer ] call now. bundles with u-verse tv, internet and home phone start at $89 a month. now get the same great price for two years. [ female announcer ] switch today and get a total home dvr included, free for life. [ male announcer ] you get reliable, high speed internet on our advanced digital network. choose from speeds up to 24 megs. [ female announcer
PBS
Jan 14, 2013 10:00pm PST
. >> brown: congress has until march to raise the debt ceiling and prevent a government default. most republicans have insisted that with the government facing another trillion dollar deficit this year, any increase in borrowing authority must be tied to cuts in spending. the president flatly disagreed. >> i want to be clear about this. the debt ceiling is not a question of authorizing more spending. so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they've already racked up. >> brown: the 2011 stand-off between the president and republicans over the debt ceiling led the nation to the bryning of national default. standard and poors even lowered its rating on u.s. government bonds. today, president obama said any repeat performance would be, quote, irresponsible. >> if the goal is to make sure that we are being responsible about our debt and our deficit, if that's the conversation we're having, i'm happy to have that conversation. what i will n
CNBC
Jan 15, 2013 4:00am EST
. treasury secretary tim geithner is urging congress to raze the u.s. debt ceiling or risk causing irreparable harm to the economy. he says the government will run out of tools to avoid a default by late february, early march. the u.s. credit rating is not a bargaining chip or hostage that can be taken to avoid any political agenda. president obama again rejected any negotiation with republicans over the debt ceiling. i love the debt clock. it's almost as fast as the amount of money they're going to earn tr nike. >> and is we'll talk about that. >> meanwhile, fed chairman ben bernanke speaking monday warned the u.s. economy isn't out of the woods yet and is still at risk from political gridlock. >> raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits, it doesn't create new spending. so not raising the debt ceiling is sort of like a family trying to improve its credit rating saying, i know how we can save money, we won't pay our credit card bills. not the most effect of way to impr
CSPAN
Jan 15, 2013 6:00am EST
issues. without going into all the different ramifications, i want to say one word about the debt ceiling, which is not everybody understands what the debt ceiling is about. the debt ceiling -- raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it does not create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit ratings and i know how we can save money, we will not pay our credit card bills. not the most effective way to improve your credit rating. it was a very slow solution to the debt ceiling in august of 2011 that got the u.s. downgraded last time. so it's very important. all these issues are important, but it's very, very important that congress take necessary action to raise the debt ceiling to avoid a situation where our government does not pay its bills. >> a number of people have expressed concern about how much of the challenges actually were addressed in the deal. it went part of the way, as you mentioned. but it leaves a number of issues still on the table and traditional negotiations are looming. would you characterize that as an additional cl
FOX
Jan 15, 2013 5:00am PST
pay its bills if congress does not raise the debt ceiling. president barack obama will not negotiate with congress on this issue. while republicans want any increase in the debt ceiling to be tied to spending cuts... >> the issue here is whether or not america pays its bills. we are not attend beat nation and so -- there is a very simple solution to this. >> now in a statement, house speaker phil boehner indicated the republican party is prepared for a fight and the consequences of increasing the debt ceiling are real but so too is the consequences of allowing our spending problem to go unresolved. >>> they are closely watching this debt ceiling battle in washington and if congress does not act on the debt ceiling, the national economy could fall and that would have a negative affect on california's budget numbers. they revealed a budget surplus in many years and that's thanks to a new tax revenue from proposition 30 as well as spending cuts. >>> the social media is buzzing about a possible announcement by facebook. janine de la vega joins us now from menlo park with more on a mystery event that is g
ABC
Jan 15, 2013 1:05am PST
ceiling. he announced if congress doesn't work with him and raise the debt ceiling will america will go into default and we might have to sell florida. say goodbye to nana and pop pop. >> chimpy up next. >> the morning news starts at 4:30 appreciate your time have a good night. a good night. >> good night
ABC
Jan 14, 2013 11:00pm PST
i about the debt ceiling. he announced if congress doesn't work with him and raise the debt ceiling will america will go into default and we might have to sell florida. say goodbye to nana and pop pop. >> chimpy up next. >> the morning news starts at 4:30 appreciate your time have a good night. a good night. >> good night "jimmy kimmel live"! tonight ellen degeneres. the bachelor sean lowe. and music from onerepublic. with cleto and the cletones. and now from this point on, here's jimmy kimmel! [ cheers and applause ] >> jimmy: welcome. hi, i'm jimmy. i'm the host. thanks for watching. thank you for -- raising the arctic 50 degree weather to be here tonight in hollywood. very kind. i do appreciate
FOX
Jan 15, 2013 4:30am PST
not raise the debt ceiling. president barack obama said we are not a dead beat nation and congress wants to pay its bills but we do not want to be tied to spending cuts. >> they have two choices they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. >> house speaker phil boehner indicated the gop is prepared for a fight and the consequences to fail to increase the debt ceiling are failing as well as allowing the spending problem to go unresolved. the concern is that if congress fails to act on the debt ceiling, the national economy could dip and that could likely have and i affect on california's budget numbers. >> the risk to our forecast numbers could come next month and that's what the federal government chooses to do or not to do regarding the debt ceiling. >> the budget released by governor jerry brown showed a budget surplus for the first time in many years. >>> right now it is 4:44 let's check in with sal on an early morning report on traffic. >>> good morning everybody, it is chilly, let's take a look at tra
FOX News
Jan 15, 2013 1:00pm PST
, even getting -- when it comes to issues like bypassing the debt ceiling -- on congress's behalf. >> democrats are urging the president to use executive order to say congress, i don't node to you raise the debt ceiling, i am going to do it on my own. i want everybody to know,utive order -- high is not the first president and won't be the last to use executive order. frankslinrosis velt passed 37 executive orders and clinton and reagan did 350-plus. i am talking about policy issues of significant magnitude that need to have a full public vetting. the american people need tock engaged in the process. we need hearing on the matter ogun control, specifically. and we really need to talk about mental health and how we as a society are not embracing people with mental health issues. that's a bigger conversation, i know, neil. >> neil: thank you for indulging all of this breaking news and being on top of it. we told you about the mulvaney amendment, matching dollar for dollar, any aide they are getting in like-minded cuts from discretionary spending. that was defeated, as expected on the
CBS
Jan 15, 2013 4:00am PST
increasing the amount the government can borrow. but the president says he will not have the debt ceiling tied to the bills congress has already racked up. >> what i will not do is to have that negotiation with a gun at the head of the american people. >> reporter: the debt ceiling deadline is just one of three budget showdowns the white house and congress face in the coming months. house speaker john boehner said if laws do not tackle the debt and spending at the same time, it will cost americans jobs. in a statement, senate minority leader mitch mcconnell said "the president and his allies need to get serious about spending." danielle nottingham, cbs news, the white house. >>> military suicides have reached record levels. so bad that the secretary of defense calls it an epidemic. the pentagon says there were 349 suicides among active duty personnel last year. that's more than the number of combat deaths in afghanistan. experts say iraq and afghanistan war veterans suffering from depression and post traumatic stress are at the highest risk. >>> secretary of state hillary clinton will testify next week about the deadly
NBC
Jan 14, 2013 6:00pm PST
scenarios were bad under the fiscal cliff, just wait for what's coming next. >> the debt ceiling talks are under way. president obama warns the dire consequences if congress fails to raise our borrowing limits. in tonight's reality check, sam brock explains why most people should just take a deep breath. sam? >> raj, it would be therapeutic if nothing else. there is certainly little refuting the failure to raise the debt ceiling would send shock waves through the economy both national and global. that being said, president obama only fanned the flames today painting a picture of government catastrophe based on the facts seems a bit trumped up. >> ladies and gentlemen, the president of the united states. >> reporter: in the first press conference of his second term, president obama wasted little time scaring the day lights out of millions of americans who rely on government paychecks for one service or another, of the consequences of a u.s. default. >> may not be able to pay our troops or honor our contracts with small business owners. food inspectors, air traffic controllers, specialists who track down nuclear materials wouldn't get their paychecks. >> reporter
ABC
Jan 15, 2013 5:00am PST
and he offered a solution for the president's dilemma on the debt ceiling. >> obama held the final press conference of the first term in office. he talked about the debt ceil saying if congress does not work with him to raise the debt ceiling america will be in default and we my have to sell florida. >> watch jimmy kimmel live weeknights right here on abc7 at the new time following abc7 news at 11 and "nightline" is on right after that. >> lebanese -- leave disneyland and the cracked crab >> welcome back on the 4th anniversary of "miracle on the hudson." "sully" sullenberger joins katie about the incredible emergency landing. >> of all people to be piloting that lane, thank goodness it was you. i get on a plane and i think, sully? anyone named sully on this plane. >> i appreciate that and when i travel as a passenger i have people recognize me and they say i feel better knowing you are here. >> i look for him in the cockpit, as well. that is katie at 3:00 p.m. right here on abc7. >> good show. >> 5:23. great mighting that day. amazing to see the pictures. >> now, outside, it is darn cold. >> do we want do? mike, what are we facing? >> freezing temperatures in a lot of areas but t
NBC
Jan 15, 2013 4:30am PST
renewed calls for congress to raise the debt ceiling. for more on that and a look at the world markets and how they did overnight, we turn to seema mody at cnbc world headquarters. >> good morning to you. let's start with markets. futures lower after a mixed session on monday. as you pointed out apple weighing on tech on reports that it is cutting component costs but dell took others higher on talks it's in talk with several firms. we get a trio of federal reserve officials speaking out about the economy today. the dow rising 18 points in yesterday's trade and nasdaq slipping eight to close at 3117. here's our top story. treasury secretary tim geithner is calling on congress to raise the debt ceiling. in a letter to lawmakers geithner says it could cause harm to the u.s. economy. the government will run out of tools to avoid defaulting on debt sometime in late february or early march. that would mean social security and other government benefit checks would stop going out. fed chairman ben bernanke is joining the cause saying the economy isn't out of the woods just yet from fiscal thre
ABC
Jan 14, 2013 11:35pm PST
ceiling. he announced if congress doesn't raise the debt ceiling america will go into default on its loans and we might have to say good bye to florida. an economist named paul krugman is supportive of an idea as a stopgap. he is suggesting that the treasury mint a trillion dollar county and deposit it in the federal reserve which is how "the lord of the rings" starts, isn't it? i don't know if americans could be trusted with a trillion dollar coin. 100 billion bags of doritos comes down. the treasury will not mint a trillion dollar coin. that is a shame. wouldn't it be nice to mint up nine or ten and say we're even. get this crap you made out of here and leave us alone. thank you. this is a great video. this was shot at the u.s. military academy in west point. a cadet found a mouse in his dorm room and he released a it into the wild. >> you're free. go. get on out. good luck. >> how do you feel? >> i feel relieved. that he's not going to wake me up in my bed any more crawl on my leg. but kind of sad. just got to know him. and -- oh, no. no! you kidding me? he didn't last five minute
CNBC
Jan 15, 2013 6:00am EST
, becky. fed chairman ben bernanke is calling on congress to raise the debt ceiling to avoid a officially disastrous debt default. take a look at what he had to say. >> raising the debt ceiling, which congress has to do periodically gives the government the ability to pay its existing bills. it doesn't create new spending or new government. so simply paying the -- not the most effective way to improve your credit rating. >> bernanke was speaking at the university of michigan. he gave no clear hints on what the fed could curve its aggressive bond purchases. on the economic agenda today, we had a number of key data points. coming at 8:30 eastern, we're getting retail sales, the producer price index. at 10:00, we have business inventories the. a lot of different numbers to roll through and assess this morning. >> and we have a new poll of small businesses finds a large majority of owners believe washington has become more hostile towards free enterprise in recent years. stop the presses. the survey was conducted on behalf of the job creator's alliance. a quarter of the respondents volunteered taxes as the most important issues facing american small businesses and that's double the response for any
FOX News
Jan 15, 2013 10:00am PST
president suggesting if congress does not want to raise the debt ceiling, he could. >> what i'm saying to you is that there's no simpler solution, no ready, credible solution other than congress either give me the authority to raise the debt ceiling or exercise the responsibility that they have kept for themselves and raise the debt ceiling because this is about paying your bills. everybody, everybody here understands this. i mean, this is not a complicated concept. you don't go out to dinner and then, you know, eat all you want and then leave without paying the check. and if you do, you're breaking the law. >> megyn: jonna spilbor is a columnist and writer for the national review. those comments, he goes on to say there's no simpler solution, no ready credible solution other than congress give me the authority to raise the debt ceiling or raise the debt ceiling themselves there's no simpler ready solution other than that, that have some people believing he's telegraphing, i'm telling you, it's simplest for you to do it, but i'm willing to do the more complicated route. >> i'm not sure that's right. i think a lot of people are on the left, including nancy pelosi who are wanting-- or
PBS
Jan 15, 2013 12:00am PST
uncompromising mood as far as negotiating with republicans directly about whether the debt ceiling will or will not be raised. the president's position is a congressional obligation f congress wants to hand that authority over to him he will be glad to take it but congress needs to send him a debt ceiling increase. remember the debt sealing acording to the treasury department is due to run out to laps and we would approach a default position sometime in the middle of february, just next month. there is not a lot of time. now republicans have said and i asked the president about this you know, historically the debt ceiling because it oftentimes difficult to get votes in congress to pass a debt ceiling, has often been accompanied by fiscal or deficit reduction measures. back in the '80s, the '90s and even in president's presidency himself he has signed four laws raising debt ceiling. three were tied to some sort of fiscal management, legislation itself. but the president now says i'm tired of negotiating all those things, raised the debt ceiling and then i will get on with other conversations with you about dealing with the sequester, the across-the-board spending cuts and other bu
FOX
Jan 15, 2013 6:00am PST
pay its bills if congress does not raise the debt ceiling. president barack obama said congress needs to pay its bills but republicans want any bills paid to be tied to spending cuts. >> they have two choices, they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. >>> and the gop is prepared for a fight saying quote, the consequences of failing to increase the debt ceiling are real, but so too are allowing our spending problem to go unresolved. >>> convenience stores will be busy today. people want to hit the new jackpot drawing, an estimated $62 million. on friday, somebody in orange veil matched all five mumps minus the mug did he -- five numbers minute news the meganumber giving them a $250,000 pay day. >>> it is almost every wear and as a -- everywhere and as a matter of fact looking at highway 4 traffic is slowing down from bay point to concord. traffic is mostly slow and the only good news is we have not had any major crashes but we have had our share of slow traffic on this stretch. traffic is backed up fo
MSNBC
Jan 15, 2013 9:00am PST
the debt ceiling when it's within $100 billion. step two, the congress rejects that request and sends a joint resolution of disapproval back to the white house. step three, obama vetoes the resolution of disapproval. step four, congress does nothing. as long as the house and senate wait 15 days before addressing the white house veto, then the president gets his original wish and the debt ceiling automatically goes up. in other words, a redo of the fiscal cliff threatening the u.s. economy. give extremism and allow congress to basically do anything. welcome to washington. andrew, is this -- is this the way it goes now? >> i'm depressing. it is depressing are but it's also maybe the viable path forward. in terms of harm done to the u.s. economy sshgs that the best solution? >> i cannot get behind that. by the way, count get behind the platinum coin. we could draw something on a little piece of paper, and they could hand it to me. i can't get behind any of that. ultimately, we have to actually figure this out. the president has to figure it out. congress has to figure i
FOX
Jan 15, 2013 7:00am PST
the middle of february if congress doesn't raise the debt ceiling. president obama says he will not negotiate this issue with congress but republicans want any increase in the debt ceiling to be tied to spending cuts. >>> the issue here is whether or not america pays its bills. we are not a deadbeat nation. and so -- there is a very simple solution to this. >> now, in a statement, john boehner indicated the republican party is prepared for a fight. he said "the consequences of failing to increase the debt ceiling are rule but so are the consequences of allowing our spending problem to go unresolved." >>> state lawmakers in sacramento are closely watching this debate in washington. the concern is that if congress doesn't act on the debt ceiling, the national economy could dip and that would likely have a negative effect on california's budget numbers. push >> the biggest risk to our forecast or the analysts' forecasts could come next month and that's from washington, d.c. >> the 2013 budget release by governor brown showed a surplus for the first time in many years and that was thanks to new tax revenue from proposition 3
FOX News
Jan 14, 2013 10:00pm PST
you're not going to negotiate on the debt ceiling this year, why should house republicans take that seriously and think if we get to the one minute to midnight scenario that you're not going to back down. >> jewel anna, this is straight forward, either congress pays its bills or doesn't. >> are you prepared to allow the government to grind to a halt if, who do you think the american people would blame if that came to pass. >> i suspect the american people would blame all of washington for not being able to get its act together. >> greta: back in 2006 when president obama was then a senator he actually voted against raising the debt ceiling. so what has changed now? congressman jason chaffetz nice to see you. >> well, congress spending pushing and the president pushing for this? we have to stop the spending. like the alcoholic who won't give up his drink anymore, you have to slow this. >> greta: what president obama said today he's basically executing what you in congress are telling him to do. you authorize the spending and he's got to pay the bills. and so now you're saying he can't borrow the money. >> no, we've got to make sure we prioritize the payment of the 16.4 trillion dollars that this government owes, but we have to solve the problem. w
MSNBC
Jan 14, 2013 7:00pm PST
. >> i want to be clear about this. the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up. and we need to pay them. so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they have already racked up. but to even entertain the idea of this happening, of the united states of america not paying its bills is irresponsible. it is absurd. the full faith and credit of the united states of america is not a bargaining chip. and they had better choose quickly because time is running short. >> house republicans continued to threaten to use the debt ceiling as a bargaining chip. house republican conference chairwoman kathy rogers told "political" i think it is possible we would shut down the government to make sure that president obama understands that we're serious. well, i guess that would do it. we always talk about whether or not we're going to kick the can down the road. i
PBS
Jan 14, 2013 6:30pm PST
. president obama tells congress we're not a deadbeat nation, and they need to raise the debt ceiling now, so we can pay our bills on time. >> tom: i'm tom hudson. a sour day for apple investors. the stock tumbles to 11 month lows on new worries about waning demand for the iphone 5. >> susie: but a banner day for g.m., the cadillac ats takes car of the year at the big auto show in detroit, and its new corvette stingray wows gear heads around the globe. >> tom: that and more tonight on "n.b.r."! >> susie: the next big fight in washington has begun. president obama today called on republican lawmakers to authorize an increase in the nations debt limit, saying that messing with it could potentially have catastrophic results for many americans and the overall economy. he warned markets would go haywire if congress does not act, interest rates would rise, and checks to social security beneficiaries would stop. and he said even thinking about the u.s. not paying its bills is irresponsible and, "absurd". darren gersh reports. >> reporter: in his first news conference of the new year the pres
PBS
Jan 14, 2013 4:30pm PST
the debt ceiling and he once again said there was no way he'd negotiate with congress about something it should do anyway. >> they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> reporter: republicans called the president hypocritical for saying he will not negotiate over the debt limit while blasting republicans for refusing to negotiate. and they fired back that the debate over the debt ceiling was the perfect time to consider legislation to cut spending. at the same time, only a handful of republicans have actually said they'd let the united states default on its bills. >> t predent claims this, but republicans have always raised the debt ceiling. we've never seen the debt limit fail to be raised. all they have said is we want to apply the same criteria that the president himself applied when he was a senator and say we don't want to give the president a blank check. we would like to fix the s
FOX News
Jan 15, 2013 3:00am PST
has asked congress to up the debt ceiling. of course what he said is, i know the republicans want to try to get some sort of spending cuts and stuff like that. i'll deal with it. just not over this. >>gretchen: so yesterday how has he changed now that he's president and he's been in a couple of these debt ceiling fights with republicans? another one is coming up in march. many people believe it is the only leverage the republicans hold in any kind of discussions about cutting spending. the president changing his tune now. listen to this. >> america cannot afford another debate with this congress about whether or not they should pay the bills they've already racked up. so to even entertain the idea of this happening, of the united states of america not paying its bills, is irresponsible. it's absurd. >>steve: so it was irresponsible for president bush to run up a huge bill. and now that he's president, it's irresponsible if the congress doesn't give him the blank check. let's just point out a couple of things. president bush all by his lonesome racked up about $5 trillion in debt. in
CSPAN
Jan 15, 2013 7:00am EST
the white house. here's what he had to say on the debt ceiling debate. [video clip] >> republicans and congress have two choices. they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. but they will not collect ransomed in exchange for not crashing the american economy. the financial well-being of the american people well-being is not a leverage to be used. the full faith and credit of the united states is not a bargaining chip. they had better choose quickly, because time is running short. the last time republicans in congress even flirted with this idea, r. triple-a credit rating was downgraded for the first time in our mystery, our businesses created the few jobs in any month in nearly the past three years, and the whole fiasco added to the deficit. host: after the news conference yesterday, house speaker john boehner responded with this statement -- " what are your thoughts on this? if the debt ceiling negotiable. some quick comments -- remember, you can post your comments on twitter. the first phone call is from maryland,
CSPAN
Jan 15, 2013 1:00am EST
to be clear about this. the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up and we need to pay them. so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they've already racked up. if congressional republicans refuse to pay america's bills on time, social security checks and veterans' benefits will be delayed. we might not be able to pay our troops, or honor our contracts with small business owners. food inspectors, air traffic controllers, specialists who track down loose nuclear material wouldn't get their paychecks. investors around the world will ask if the united states of america is, in fact, a safe bet. markets could go haywire. interest rates would spike for anybody who borrows money -- every homeowner with a mortgage, every student with a college loan, every small business owner who wants to grow and hire. it would be a self-inflicted wound o
CNN
Jan 14, 2013 8:00pm PST
debt ceiling. >> if the republicans in congress have made a decision that they want to shut down the government in order to get their way, then they have a vote in the house of representatives to do that. >> the problem, that's what they say they're going to do. great to see you birthday. david, the president himself saying, i acknowledge it, a government shut-down is a possibility. cathy mcmorris rogers of washington state told politico, i think it's possible we would shut down the government. so here we are, we're getting to a problem. treasury secretary tim geithner said mid-february/march is as far as he can go. who blinks first? >> this is like one of the situations in the monkey cage at the zoo where the monkeys bang their chests and look as powerful as possible. the president is escalating this situation. no 14th amendment option. do it my way or we plunge the public credit of the united states into bankruptcy. and the republicans are responding equivalently by saying to the president, we're not scared. we're not scared of you. it's very clear at the republican leadership does
MSNBC
Jan 15, 2013 12:00am PST
americans had not heard of before two years ago. so i want to be clear about this. the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. >> and of course republicans tried to trick americans into believing the debt ceiling was a blank check or magic credit card for the president to go spend whatever he wanted to spend. of course, the united states constitution gives the power to spend to congress. the result is the money congress has already borrowed. president obama explained to the american people in congress how they're trying to do their actual jobs. >> these are bills that are racked up. and we need to pay them. so while i'm willing to find compromise on how to pay our debts, americans should not be stopped from paying the bills we racked up. >> the country will be in a dire situation. president obama knows this. he proved it before, and he is not going to play games with economic stability. >> so we have to pay our bills. and republicans in congress have two choices here, they can act responsibly and pay america's bills. or they can act irresponsibly and put america through another economic
CBS
Jan 14, 2013 6:00pm PST
government can borrow but the president says he will not have the debt ceiling tied to the bills congress has already wrapped up. >> what i will not do is to have that negotiation with a gun at the head of the american people. >> reporter: the debt ceiling deadline is just one of three budget showdowns the white house and congress face in the coming months. house speaker john boehner said if lawmakers don't tackle the debt and spending at the same time it will cost jobs. in a statement, senate majority leader mitch mcconnell said the president and his allies need to get serious about spending. president obama also addressed the possibility of new gun legislation. >> if there is a step we can take that will save even one child from from what happened in newtown, we should take that step. >> reporter: the president has seen recommendations from vice president joe biden's gun violence task force and plans to lay out action he will take to curb gun violence later this week. danielle nottingham, cbs news, the white house. >>> if your boss offered you more money would you refuse? why a bay area fir
ABC
Jan 14, 2013 4:00pm PST
added if congress fails to raise the debt ceiling american people will pay the price. >> social security checks and veteran benefits will be delayed. we might not be able to pay our troops or honor our contracts with small business owner autos again and again, the president repeated the fact raising the debt ceiling only allows for payment of bills that congress has already racked up. but when we went out to talk with residents most had no idea what it was or what it meant. if congress raises it, what does it do? >> puts us in debt. >> ate lous him to borrow more money. >> i feel goitsing to raise prices on everything. >> when explaining what it means, most told us they won't raise it. >> i hope rinz would. i do. >> coming up at 6:00 why he thinks the president did likely to win this one. he'll say what he needs to do before the debt ceiling comes up for a vote. >> clearly a lot of confusion about that. cuba's new law easing travel restrictions began today pechl are taking advantage of it. >> they stood in long lines outside travel agencies and the u.s. interest section.g1u in h
CNN
Jan 15, 2013 4:00am PST
. officially hit the debt ceiling set by congress on december 31st. facebook is inviting the media to an event to come see the building. there is speculation they will be unveiling their own smart phone. it could be a new search imagine that will tap into friends's suggestions and take on google. >> what the world needs. another smart phone. >> thank god. >> we all have our smart phones. >> we need a bigger table. >> if it's good and it takes my friend's suggestions, buy it. >> i take my friend's suggestions. i want to take them. >> we have been talking about the cover of the daily news and talking about the new ap from the national rifle association. just a month after. >> here came up with this. >> completely missing the one-month anniversary. >> that are we were talking about and in newtown, connecticut. nra practice range. it's a free ap for ages 4 and over. it includes a 3d shooting game with targets that are in the shape of coffins. >> would you want your 4-year-old doing that? are you kidding me? crazy. >> the nr a's ceo singled out vicious violent va games and that's a quote w
MSNBC
Jan 15, 2013 8:00am PST
raising the debt ceiling. then this morning former house speaker newt gingrich weighed in saying the gop congress is coming out a loser. >> it's a threat they can't sustain. no one is going to default. no one is going to allow the united states to not pay its bills. no one is going to accept the economic costs. it rallies the entire business community to the president's side. i don't think we should pick fights where we are in a position where we can't in fact in the end enforce our will. we have no evident that barack obama is going to compromise. >> sir, you voted for the deal, but you have also said you wouldn't vote to raise the debt ceiling. are you still firm on that? congressman yoho, can you hear me? >> yeah, go ahead. >> i was saying, yeah, you have said that you will not vote to raise the debt ceiling, however you did vote for the fiscal cliff deal. do you still stand firm on the debt ceiling position? >> we, no, sir, i didn't vote for the fiscal cliff deal. i wasn't sworn in yet. but it's like we've said -- >> you said you wouldn't vote for it, if it were you. >> right. i agree. i did not
FOX News
Jan 15, 2013 1:00am PST
power to raise the debt ceiling in february. >> republicans in congress have two choices here. they can act responsibly and pay america's bills or they can act ir responsibly and put america through another economic crisis. >> so you can see what the president is doing. he wants americans to believe the gop is the problem not massive spending. likewise on the gun control issue. the president wants it to come to a head to highlight republican opposition to limiting guns and ammunition. joining us now from washington fox news political analyst brit hume. seems to me presidethe presiden playing politics rather than problem solving. >> i think you have a point he would like to get republicans into it. i would put it a different way in the sense that i think he would be perfectly happy to get the gun control measure that he favors whatever they turn out to be when the recommendations come in to get them past through congress without republican -- successful republican opposition. he would be happy to get the debt limit raised without republicans standing in the way of that. he would be happy
FOX Business
Jan 15, 2013 6:00pm EST
to our gridlocked congress of the debt ceiling debate. do your job or will do it for you. >> if the house and the senate want to give me the authority so that they don't have to take these tough votes, if they want to put the responsibility on me to raise the debt ceiling and happily take it, but if they want to keep this responsibility than they need to go ahead and get it done. gerri: if they don't can the president by passed the congress using the 14th amendment? for a corrupted by former federal prosecutor joins us. read this so that people can get a sense of what it says. the validity of the public debt of the united states authorized by law including pensions and bounties for services in suppressing insurrection or rebellion should not be questioned. it sounds pretty dramatic. >> the 14th amendment, we all remember from high-school kamal is a reconstruction of manila in 1868 after the civil war to plan the most abortive things that it did was granted full citizenship to african-americans, thus overruling the dread scott case. gerri: but that's the word talking about here. >> p
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